Elon Musk, the CEO of Tesla, openly derided the US Securities and Exchange Commission in an interview, having settled fraud charges with the regulatory agency over an errant tweet.<\/p>\n
\u201cI want to be clear. I do not respect the SEC I do not respect them\u201d he said in an interview on the CBS network news program \u201c60 Minutes.\u201d Musk had to resign as Tesla chairman under a September arrangement with the SEC to settle fraud charges stemming from a tweet in which he said he planned to take the firm private and already had the financing to do it.<\/p>\n
That caused a brief spike in Tesla\u2019s share price, leading so-called short-sellers, who have been betting on the stock crashing for years, to lose millions.<\/p>\n
Musk and Tesla each had to pay a USD 20 million fine to the agency, to be split among harmed investors. He was forced to resign as chairman but allowed to remain CEO.<\/p>\n
The SEC had also demanded oversight of the mercurial Musk\u2019s social media use.<\/p>\n
But he said in the Sunday interview that no one was proofreading his tweets.<\/p>\n
\u201cThe only tweets that would have to be, say, reviewed would be if a tweet had a probability of causing a movement in the stock,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk, the CEO of Tesla, openly derided the US Securities and Exchange Commission in an interview, having settled fraud charges with the regulatory agency over an errant tweet. \u201cI want to be clear. I do not respect the SEC I do not respect them\u201d he said in an interview on the CBS network news […]<\/p>\n","protected":false},"author":1,"featured_media":49611,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-49610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/49610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=49610"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/49610\/revisions"}],"predecessor-version":[{"id":49612,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/49610\/revisions\/49612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/49611"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=49610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=49610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=49610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}